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The Primacy Of Income

The Era Of Gains is over
Friday, November 16, 2018, 9:57 PM

After three destructive bubbles in just two decades, the Fed and its bretheren will not be able to blow a fourth. The system won't be able to withstand it. 

Our slowing global economy will require decades of recovery to heal itself from the massive over-leveraging and malivestment binge we've been on.

So the existential question facing investors is: What will drive wealth accumulation in the coming era?

Investors are going to soon realize that without dependable gains, income becomes paramount. Specifically, income that will retain its purchasing power as inflation and interest rates rise. » Read more


A Financial Professional's Perspective

What's the current market volatility signalling?
Wednesday, November 14, 2018, 7:11 PM

Given the recent volatile gyrations of the markets, we thought it an opportune time ask a full-time financial advisory firm whom we respect for their take on the current environment.

Here's what they have to say. » Read more


Will Your Retirement Efforts Achieve Escape Velocity?

Sadly, most of us will outlive our savings
Friday, November 2, 2018, 6:41 PM

The concept of 'retirement', of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It's only been around for a few generations.

In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only came into being in the post-WW2 boom era -- as Social Security, corporate & government pensions, cheap and plentiful energy, and extended lifespans made it possible for the masses.

But increasingly, it looks like the dream of retiring is fast falling out of reach for many of today's Baby Boomers. Most will outlive their savings (if they have any at all).

Will you? » Read more



Is The Long-Anticipated Crash Now Upon Us?

Is this the market's breaking point?
Friday, October 26, 2018, 5:45 PM

I predict a major crash/collapse across stocks, bonds and real estate is on the way. But I don't think we're seeing it unfold just yet.

The recent market weakness seen over the past two weeks is nothing compared to what's in store.  As we’ve been carefully chronicling, bubbles burst from ‘the outside in’, starting at the weaker places at the periphery before progressing to the center.

Emerging market equities are now down -26% from their January highs and -18% year-to-date.  China's stocks market is down -32%, even with substantial intervention by the government to prop things up.

The periphery has been weakening all year, and the contagion has now spead worldwide. » Read more


Sandusky Register

The Coming Inflation Threat: The Worst Of Both Worlds

Expect falling asset inflation, but rising cost inflation
Thursday, October 25, 2018, 12:48 PM

Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when energy prices are going down.

Historically, 2.5% is about as low as inflation gets in a mass-consumption economy t like the U.S. that depends on the constant expansion of credit. » Read more


The Weighted Average Cost Of Capital

When it goes up, prices go down. It's going up...
Wednesday, October 17, 2018, 9:01 PM

We're now living in an era of rising interest rates. It's an unfamiliar territory for all of us... » Read more



Has “It” Finally Arrived?

Is this week's 6% market drop the start of the Big One?
Friday, October 12, 2018, 5:54 PM

With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?

It’s hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week. » Read more


Think You're Prepared For The Next Crisis? Think Again.

Even the best-laid preparations have failure points
Friday, October 5, 2018, 5:43 PM

So how ready are you, really, if we're indeed headed into another 2008-style market crash?

One in which the major stock market indexes could drop 50% or more in a matter of just a few weeks? Where housing prices could drop by 30-40% (or more) and home buyers go on strike? Where bond prices relentlessly drop as interest rates march higher, freed from a decade-long supression at historic lows? Where mass layoffs return, and hundreds of thousands of workers lose their jobs each month?

Things could get ugly. Really, really ugly.  » Read more



Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality

Will you thrive, merely survive, or fail?
Friday, September 28, 2018, 10:18 PM

In the ten years I've personally been banging on the drums of logic and reason, I can honestly say that our society has made virtually no progress towards developing a credible action plan for weaning the global economy off of fossil fuel.  Humanity seems fully committed to its current trajectory: the cheap and easy path. At least, until something forces our hand.

The outcome of our current "cheap, fast and easy" trajectory is the same as a car hurtling towards a brick wall at a very high rate of speed. It will come to a predictable, sudden, and painful end: » Read more


What Comes Next

Previews of the coming reckoning
Friday, September 21, 2018, 5:55 PM

All things have a beginning, a middle and and end.

And now, more than 3,480 days into the current bull market, the longest in history, we can say with high condifence we are very close to its end.


For manifold reasons that are multiplying fast. So many, in fact, that each of the key speakers at the recent Peak Prosperity/Contra Corner Summit in New York City had difficulty finding enough time to enumerate them all during the six-hour event. » Read more